This article uses hedge fund sentiment as a tool, Verizon Communications Inc. (NYSE: NYSE:VZ) Is a good investment so far. I would like to analyze the sentiment of hedge funds before conducting a detailed investigation over the days. Hedge funds and other elite investors have a large number of Ivy League graduates, expert network advisors and supply chain tipsters working or consulting. There isn’t a shortage of news articles covering failed hedge fund investments, and it’s true that hedge fund picks aren’t 100% above the market, but consensus picks have historically worked very well, and since then. Outperformed the market. Adjust the risk.
Verizon Communications Inc. (NYSE:VZ). Investors need to be aware of the rise in hedge fund sentiment in recent months. Verizon Communications Inc. (NYSE:VZ) As of the end of March, it was included in the portfolio of 69 hedge funds. The record high for this statistic is 68. This means that the bullish number of hedge fund positions in this stock is currently at a record high. Our database had 67 hedge funds with VZ positions at the end of the fourth quarter.In our calculation, VZ is 30 Most Popular Hedge Funds (Click here for the first quarter rankings).
At this point, there are many signals that shareholders are free to use to analyze listed companies. The best signal duo is an indicator of hedge funds and insider trading. Our researchers have historically shown that those who follow the best choices of the best fund managers can significantly outperform the market (Please see here for the detail). In addition, the monthly newsletter Longstock Pick portfolio has returned 206.8% since March 2017 (until May 2021), surpassing the S & P 500 Index by more than 115 points.You can download a sample issue of this newsletter On our website ..
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Do you think hedge funds are a good stock for VZ to buy now?
At the end of the first quarter, a total of 69 hedge funds tracked by Insider Monkey held a long position on the stock. This is a 3% change from the previous quarter. By comparison, 68 hedge funds held stocks or bullish call options in VZ a year ago. Now let’s find out which hedge funds are among the top holders of stocks and which hedge funds are making big moves.
Specifically, Berkshire Hathaway is the largest shareholder of Verizon Communications (NYSE: VZ), with $ 925.6 million worth of shares reported as of the end of March. Subsequent Berkshire Hathaway was AQR Capital Management, raising $ 317.4 million worth of shares. Diamond Hill Capital, Empyrean Capital Partners, and DE Shaw also loved the stock and became one of the company’s largest hedge fund holders.Regarding the weight of the portfolio assigned to each position Heath Bridge Capital Management We assigned the largest weight to Verizon Communications Inc. (NYSE: VZ), accounting for approximately 8.84% of the 13th floor portfolio. Capital of courage In addition, the stock is relatively bullish, selling 5.95% of the stock portfolio on the 13th floor to VZ.
Commonly bullish among the big names, certain money managers have defeated themselves. Diamond Hill Capital, managed by RicDillon, has won the largest position at Verizon Communications Inc. (NYSE: VZ). Diamond Hill Capital invested $ 242 million in the company at the end of the quarter. Arrowstreet Capital of Peter Rathjens, Bruce Clarke and John Campbell also opened a $ 121.7 million position this quarter. The following fund was also one of the new VZ investors: Renaissance Technologies, Brandon Haley’s Holocene adviser, And Jinghua Yan’s TwinBeech Capital..
Check out other equity hedge fund activities similar to Verizon Communications Inc. (NYSE: VZ). These shares are owned by ExxonMobil Corporation (NYSE:XOM), Netflix, Inc. (NASDAQ:NFLX), Adobe Inc. (NASDAQ:ADBE), Coca-Cola Company (NYSE:KO), Cisco Systems, Inc. (NASDAQ:CSCO), Toyota Motor Corporation (NYSE:TM), And AT & T Inc. (NYSE:T). The market capitalization of this stock group is the closest to the market capitalization of VZ.
[table] Ticker, number of HFs with position, total value of HF positions (x1000), change of HF position XOM, 65,2770198,2 NFLX, 110,14159343, -6 ADBE, 107,12111692, -7 KO, 61,24903946 , -1 CSCO, 59,5194074, -1 TM, 18,824174,7 T, 63,2701777,5 Average, 69,8952172, -0.1 [/table]
See table here If you encounter formatting issues.
As you can see, these stocks have an average of 69 hedge funds with bullish positions, and the average amount invested in these stocks was $ 895.2 million. For VZ, that number was $ 113.84 million. Netflix, Inc. (NASDAQ:NFLX) Is the most popular strain in this table. Meanwhile, Toyota Motor Corporation (NYSE:TM) Is the least popular, with only 18 bullish hedge fund positions. Verizon Communications Inc. (NYSE: VZ) is not the least popular stock in the group, but hedge fund interest rates are still below average. VZ’s overall hedge fund sentiment score is 64.7. Stocks with a large number of hedge fund positions compared to other stocks or historical ranges receive higher sentiment scores. This is a rather negative signal and I would like to spend some time investigating the stocks that hedge funds are accumulating.Our calculation is Top 5 most popular stocks Among hedge funds, it returned 95.8% in 2019 and 2020, 40 points above the S & P 500 ETF (SPY). These stocks rose 17.2% from 2021 to June 11th, again outperforming the market by 3.3 points. Unfortunately, VZ wasn’t as popular as these five stocks (hedge fund sentiment was pretty bearish). VZ investors were disappointed as stocks returned -0.3% from the end of March (until 6/11) and underperformed the market. If you are interested in investing in large cap stocks that have the potential for a big rise, Top 5 most popular stocks Among hedge funds, most of these stocks have already outperformed the market in 2021.
Disclosure: None.This article was originally published Insider Monkey..